Africa: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Africa

The African market for malt extract and food preparations of flour, meal, and starches expanded notably to $X in 2022, picking up by 6.2% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.0% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Africa

In value terms, production of malt extract and food preparations of flour, meal, and starches amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 33% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in Africa

Exports of malt extract and food preparations of flour, meal, and starches skyrocketed to X tons in 2022, increasing by 42% against the year before. Over the period under review, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 51% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 67%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Kenya (X tons) were the largest exporters of malt extract and food preparations of flour, meal, and starches in 2022, accounting for approx. 36% and 32% of total exports, respectively. Ghana (X tons) held an 8% share (based on physical terms) of total exports, which put it in second place, followed by Democratic Republic of the Congo (5.7%). Nigeria (X tons), Cameroon (X tons) and Cote d'Ivoire (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kenya (with a CAGR of +31.2%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Kenya ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 84% share of total exports.

Kenya, with a CAGR of +27.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of 3.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 16% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.5%), while the other leaders experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in Africa

In 2022, imports of malt extract and food preparations of flour, meal, and starches in Africa rose to X tons, with an increase of 3.1% on the year before. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 42% against the previous year. The volume of import peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, imports of malt extract and food preparations of flour, meal, and starches totaled $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Senegal (X tons), followed by Nigeria (X tons), Mauritania (X tons), Ghana (X tons), Mali (X tons), Gambia (X tons) and Ethiopia (X tons) were the key importers of malt extract and food preparations of flour, meal, and starches, together committing 58% of total imports. Guinea (X tons), Cote d'Ivoire (X tons), Libya (X tons), Cameroon (X tons), Democratic Republic of the Congo (X tons) and Niger (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mali (with a CAGR of +35.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch importing markets in Africa were Senegal ($X), Nigeria ($X) and Mali ($X), with a combined 46% share of total imports.

In terms of the main importing countries, Mali, with a CAGR of +32.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, rising by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2020 an increase of 18%. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :